Tilray Brands (TSE:TLRY) Shares Down 13.1% – Should You Sell?

Tilray Brands, Inc. (TSE:TLRY) shares were down 13.1% on Friday . The stock traded as low as C$1.70 and last traded at C$1.73. Approximately 1,246,716 shares traded hands during mid-day trading, a decline of 33% from the average daily volume of 1,865,527 shares. The stock had previously closed at C$1.99.

Tilray Brands Stock Down 12.1 %

The company has a current ratio of 2.27, a quick ratio of 2.16 and a debt-to-equity ratio of 11.25. The stock’s 50-day moving average price is C$1.93 and its 200-day moving average price is C$2.24. The company has a market cap of C$1.53 billion, a P/E ratio of -3.89 and a beta of 2.19.

Tilray Brands Company Profile

Tilray Brands, Inc, a lifestyle consumer products company, engages in the research, cultivation, processing, and distribution of medical cannabis products in Canada, the United States, Europe, Australia, New Zealand, Latin America, and internationally. The company operates through four segments: Beverage Alcohol, Cannabis, Distribution, and Wellness.